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Skanska AB and Kiewit to Replace Bayonne Bridge in United States

Friday, 28 Jun 2013 02:15am EDT 

Skanska AB announced that it has signed a USD 401 million, about SEK 2.6 billion, contract with the Port Authority of New York and New Jersey to replace the Bayonne Bridge, which connects Staten Island, NY with Bayonne, NJ. The project is a joint venture with Kiewit construction company. The total project value is USD 743 million, about SEK 4.8 billion. Skanska will include its full 54% share of the contract, totaling USD 401 million, about SEK 2.6 billion, in order bookings for Skanska USA Civil for the second quarter 2013. The joint venture team will replace the main span roadway and bridge approach structures of the Bayonne Bridge. The scope of work also includes raising the roadway of the Bayonne Bridge. The bridge will also receive a new electrical system, paint, and drainage systems. Construction work has already started, and is scheduled for completion in March 2017. 

Company Quote

1.6 +1.11%
9:30am EDT